Brexit should allow the UK to set its own rules for funds and asset management services, the AIC says.

Ratings agency Moody’s has warned that the FCA’s review of the value of active fund management could hit fund managers profits if major reform takes place.

The Financial Conduct Authority has found price competition in some areas of asset management to be “weak” and called for an all-in-one fee to help investors evaluate the true cost of investing. The all-in one fee would help investors “easily see what is being taken from the fund.”

A new discretionary investment management firm has been launched today.